Plain-language notes on U.S. tax deadlines, IRS letters, cross-border reporting and running a small business, written by the CPAs who handle these questions every day.
Form 8938 (FATCA) thresholds vary by U.S. vs abroad and single vs joint—e.g., U.S. single $50k/$75k, MFJ $100k/$150k; higher abroad. Filing 8938 ≠ FBAR. Cary/RTP compliance notes.
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FBAR (FinCEN 114) and Form 8938 are parallel regimes—FinCEN vs IRS, $10k vs higher thresholds. Filing one does not replace the other. Cary/RTP clients with China accounts need dual-track compliance planning.
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Articles are general information, not tax or legal advice for your specific situation.
